Scots universities in UK top five for spinout deals
New figures from the British Business Bank show that Scotland accounted for almost one-fifth of all UK equity deals involving university spinouts in 2023. The…
New figures from the British Business Bank show that Scotland accounted for almost one-fifth of all UK equity deals involving university spinouts in 2023. The…
The UK Financial Conduct Authority (FCA) said it has overhauled listing rules for company shares in London to reduce red tape in an effort to “boost…
Scotland outpaced both the UK and Europe with Foreign Direct Investment (FDI) growth last year, according to EY UK Attractiveness Survey –Scotland 2024. Utilities, including…
John Wood Group plc, the Aberdeen-based engineering and consulting giant, on Thursday reported an order book of $6.1 billion, up 2% compared to June 2023. In…
Growth capital investors BGF has announced a multi-million pound investment in Aberdeen-headquartered energy services company Glacier Energy, joining Averroes Capital as investors in the business….
Festivals Edinburgh has appointed Lori Anderson as its new Director, succeeding Julia Amour who is stepping down from the role in October 2024. Formed in…
UK finance minister Rachel Reeves and UK business secretary Jonathan Reynolds have instructed their officials to begin work to “align” public finance institutions the UK…
The Scottish Government has announced its intention to award Balfour Beatty Civil Engineering Ltd the £185 million construction contract to dual the A9 between Tomatin…
Recast, the Edinburgh-based “fintech-for-media” platform, has announced the closing of a $5 million funding round. This round was led by Los Angeles-based venture capital firm…
The Royal Bank of Scotland Growth Tracker report has signalled a further rise in private sector output across Scotland in June. Employment rose in the…
The new “Hollow Mountain” power station at Cruachan near Oban has moved forward to the important design stage. Renewable energy giant Drax has appointed German technology…
The Scottish National Party (SNP) has lost 38 Westminster seats so far in the UK general election — amid a low turnout by voters —…
MI:RNA, the Edinburgh veterinary diagnostics company, has secured $4 million in Series A funding. Funds have been raised from eight investors across three continents, including…
The Association of Investment Companies (AIC) revealed there has been a whirlwind of corporate activity in the first half of 2024 as investment trust boards battled…
By Mark McSherry The University of Edinburgh has announced the permanent appointment of Andrea Taylor as the new chief executive officer of Edinburgh Innovations (EI),…
Moody’s Ratings said it has completed a periodic review of the ratings of Aberdeen City Council “and other ratings that are associated with this issuer.”…
Investment giant Abrdn and the University of Edinburgh have announced a pioneering project out of their partnership Centre for Investing Innovation that will seek to…
Just Group said it has completed a £260 million buy-in for the Menzies Pension Fund. The pension scheme is sponsored by John Menzies Limited and…
Scotland Food & Drink chair Lucinda Bruce-Gardyne is to step down from her role when her tenure ends in October this year. She has been…
Edinburgh investment giant Baillie Gifford has announced two key appointments as part of plans to expand its North American business and its commitment to US…
By Mark McSherry Baillie Gifford’s £2.8 billion Monks Investment Trust plc has reported “an encouraging return to positive relative performance” for the year to April 30, 2024. Monks…
Edinburgh-based Craneware plc, a provider of software for the US healthcare market, announced that it has signed agreements with Microsoft in the areas of the…
Scotland-based contractor and developer Graham Group said it has surpassed the £1 billion turnover milestone for the second consecutive year as revenue increased to £1.125 billion….
Scottish law firm Burness Paull said it has reported strong results for its financial year ended March 31, a shortened eight-month reporting period following the firm’s…
Abrdn said it completed the acquisition of the Tandem Centre, a premier retail park in Colliers Wood, South London, for £60.8 million from LaSalle Investment…
Research by investment giant Abrdn has found that 44% of UK adults have poor financial literacy. Abrn is urging the next UK government to urgently…
ScottishPower, a subsidiary of Basque green energy giant Iberdrola, has made two new senior appointments with Charles Langan becoming its new chief financial officer and…
Mark Darbon has been appointed chief executive of The R&A and Secretary of The Royal and Ancient Golf Club of St Andrews. Darbon will succeed…
Independent property advisory firm Lismore Real Estate Advisors has published the latest figures on the commercial property market in Scotland — for the second quarter of…
Highland Council said it has agreed a number of strategic objectives with the aim of finding solutions to the area’s housing shortage. “It is anticipated…
Scottish companies are reporting improving business conditions across most measures, and a “moderate increase in optimism regarding the growth of the Scottish economy in the…
Aberdeen-based engineering giant Wood Group has been awarded a contract by Centrica Energy Storage (CES) for the redevelopment of the UK’s Rough field in readiness for…
The latest housebuilding statistics published by Scotland’s Chief Statistician show that there were 19,632 homes completed and 16,404 new builds started in the 2023-24 financial…
Dundee-headquartered Alliance Trust plc and London-based Witan Investment Trust plc have agreed to merge to create a company managing £5 billion in the latest example of consolidation…
The Scottish Government’s Cabinet Secretary for Rural Affairs, Land Reform and Islands, Mairi Gougeon MSP, announced the appointment of Global Wind Energy Council senior fellow Adam Bruce, Scottish…
US law firm Robbins Geller Rudman & Dowd LLP announced it secured a $434 million settlement for investors in a securities fraud class action suit…
Abrdn investment trust managers around the world have issued their latest outlooks — with near-term risks in India, elevated tensions in the Middle East and…
Dundee-based design and technology services firm Waracle said it agreed a deal to acquire Screenmedia, the Glasgow-based design and software engineering agency, in a move…
Glasgow-based Startline Motor Finance said it has carried out a new £450 million London Stock Exchange securitisation. “The move has seen the company float around…
The UK central bank has kept its main interest rate unchanged at a 16-year high of 5.25% ahead of the July 4 general election —…
NatWest Group has agreed to acquire most of the banking business of Sainsbury’s in a deal that would increase the bank’s assets by £2.5 billion. Sainsbury’s Bank…
The Institute of Chartered Accountants of Scotland (ICAS) has called for the next UK government to “urgently prioritise audit and corporate governance reform” in order…
Stirling-based nanomaterial producer iGii, formerly known as Integrated Graphene, has announced £8.8 million in new funding to accelerate growth. The funding round was led by…
The Eden Project Dundee has been granted planning permission by Dundee City Council following an intensive period of community engagement. The scale of the development…
The productivity of mid-sized businesses (MSB) in Scotland is being dragged down by a lack of key skills, according to new data from business and…
There have been six mergers between investment trusts so far in 2024, already surpassing the previous record of five mergers set in 2021 and equalled…
BrewDog co-founder and former CEO James Watt has revealed more details about his new brand building business, which is called Social Tip. “This new business…
Savills has reported that the number of Scottish farmland acres advertised for sale on the open market to the end of May was 64% higher…
KPMG UK has appointed Vishal Chopra to lead the professional services firm in Scotland. Chopra will be responsible for a team of more than 900…
AEG Europe announced on Wednesday that it has received planning permission from the City of Edinburgh Council for a new 8,500-capacity entertainment arena in Edinburgh…
The Forth Green Freeport (FGF) has announced it is officially open for business following approval from the Scottish and UK Governments of its Outline Business…
Aberdeen-headquartered transport giant FirstGroup plc reported an increase in adjusted operating profit to £204.3 million for the 53 weeks to March 30, 2024. Total dividend will…
CodeBase, the operator of Scotland’s Techscaler startup support network, announced it is relaunching CodeClan, Scotland’s national digital skills academy, with three Scottish colleges and a Silicon…
Glasgow-based secure cloud services firm Iomart announced the appointment of Richard Last as non-executive chair as it confirmed revenue growth of 10% to a record £127…
Scotland’s only private electric vehicle charge point operator FOR EV has been boosted by a £10 million follow-on investment by the Scottish National Investment Bank….
Savills announced it has been appointed by Nuveen Real Estate to market a 25% interest in Edinburgh’s St James Quarter — and jointly appointed to…
The Scottish Space Network has announced a strategic partnership with New York-based Sustainable Alpha to open up investment opportunities for the Scottish, UK and international…
M&S chair Archie Norman has criticised the lack of UK pension fund money invested in British companies and the decline of corporate share options as…
Edinburgh Airport has posted a pre-tax profit of £121.7 million for 2023, up from £106 million in the previous year, as its turnover hit £280.7…
Private sector activity in Scotland expanded for the fifth month running in May and at the strongest pace in two years, according to the headline Royal…
SSE Renewables announced that the first power has been produced at Viking Wind Farm on Shetland, which will be the UK’s most productive onshore wind farm….
The Royal Highland Agricultural Society of Scotland (RHASS) has revealed a deficit of £3.6 million for 2023. The charity said its total income rose 5%…
Aberdeen-based North Star said it has secured further debt investment of up to £425 million to accelerate its ambition to become the leading player in Europe’s…
BrewDog co-founder and former CEO James Watt announced he is starting a new business “in the brand building space” that will focus on “building community and…
Phoenix Group, owner of Standard Life, has launched a bespoke “Climate Aware” index series in collaboration with FTSE Russell, the LSEG business. The FTSE Phoenix…
St Andrews Links Trust has reported a record £44 million in operating revenue for 2023 and an £11.5 million operating profit, building on revenue of…
Glasgow media firm STV Group plc published a trading update saying its total advertising revenue (TAR) was up 5% in its first quarter and is…
By Mark McSherry The £2 billion Edinburgh-based Templeton Emerging Markets Investment Trust plc (TEMIT) has announce four key initiatives which aim to increase demand for its…
UPDATE 6 — The Borders Book Festival announced that after 2024 it will no longer be sponsored by Edinburgh investment giant Baillie Gifford, following intense…
The Highland Council has approved the onshore plans of the West of Orkney Windfarm – which is developing a major offshore wind project off Scotland’s…